COURSE UNIT TITLE

: ADVANCED FINANCIAL ACCOUNTING

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MSF 5023 ADVANCED FINANCIAL ACCOUNTING COMPULSORY 3 0 0 6

Offered By

Accounting and Finance (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR PINAR EVRIM MANDACI

Offered to

Accounting and Finance (English)

Course Objective

The objective of this course is to provide the students with the skills required to deal with the advanced areas of the Generally Accepted Accounting Principles; the ability to apply principles in selecting appropriate accounting policies for effective financial reporting; the ability to evaluate a specific situation and alternatives by offering recommendations using ethical, professional judgement through financial reporting standards.

Learning Outcomes of the Course Unit

1   Explain the objective of financial reporting, the elements of the financial statements, and the related key accounting assumptions and principles.
2   Define and distinguish between cash basis and accrual basis accounting and the impact of each on the financial statements
3   To be able to generate general financial statements in order to compare the information provided in each. Explain the valuation and reporting of assets, liabilities and equity.
4   Identify the ethical implications inherent in financial reporting and be able to apply strategies for addressing them.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Generally Accepted Accounting Principles Framework
2 Accounting and Reporting on Cash Flow Basis and Accrual Basis
3 Accounting and Reporting on Cash Flow Basis and Accrual Basis
4 Preparation of Financial Statements
5 Preparation of Financial Statements
6 Mid-Term
7 Inventory and Cost Flow Assumptions
8 Financial Assets
9 Plant Assets and Intangibles
10 Current and Long Term Liabilities
11 Stockholder s Equity
12 Comprehensive Income Statement
13 Statement of Cash Flows
14 Review

Recomended or Required Reading

1. Williams, Haka, Bettner, Carcello. (2010). Financial Accounting. 13th Eds. San Francisco: McGraw Hill Publishing.
2. Elliot & Elliot. (2012). Financial Accounting and Reporting. 15th Eds. Pearson Publishing.

Planned Learning Activities and Teaching Methods

Lecture, discussions, case studies, problem solving

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 FCG FINAL COURSE GRADE
3 FCGR FINAL COURSE GRADE MTE * 0.40 + FCG* 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.40 + RST* 0.60


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The students will describe and compare the Generally Accepted Accounting Principles.
2. The students will structure the differences between accrual basis and cash basis.
3. The students will illustrate the valuation and reporting aspects of different financial reporting items.
4. The students will generate and evaluate general financial statements.

Language of Instruction

English

Course Policies and Rules

1. Plagiarism of any type will result in disciplinary action.
2. Attending at least 70 percent of lectures is mandatory.
3. All assignments should be submitted on time. Otherwise will not be accepted.

Contact Details for the Lecturer(s)

esra.aslanertik@deu.edu.tr, cagnur.kaytmaz@deu.edu.tr

Office Hours

To be announced later.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Preparations before/after weekly lectures 12 3 36
Preparation for midterm exam 1 20 20
Preparation for final exam 1 25 25
Preparing assignments 12 2 24
Preparing presentations 2 5 10
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 158

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7
LO.15555355
LO.25555355
LO.35555355
LO.45555355

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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